VBR vs. DTD ETF Comparison

Comparison of Vanguard Small-Cap Value ETF - DNQ (VBR) to WisdomTree Total Dividend Fund (DTD)

VBR

Vanguard Small-Cap Value ETF - DNQ

VBR Description

The investment seeks to track the performance of a benchmark index that measures the investment return of small-capitalization value stocks. The fund employs an indexing investment approach designed to track the performance of the CRSP US Small Cap Value Index, a broadly diversified index of value stocks of small U.S. companies. It attempts to replicate the target index by investing all, or substantially all, of its assets in the stocks that make up the index, holding each stock in approximately the same proportion as its weighting in the index.

Grade (RS Rating)

Last Trade

$200.47

Average Daily Volume

402,248

Number of Holdings ^*

795

* may have additional holdings in another (foreign) market

DTD

WisdomTree Total Dividend Fund

DTD Description

The investment seeks to track the price and yield performance, before fees and expenses, of the WisdomTree Dividend Index. The fund invests at least 95% of its total assets (exclusive of collateral held from securities lending) in component securities of the index and investments that have economic characteristics that are substantially identical to the economic characteristics of such component securities. The WisdomTree Dividend Index is a fundamentally-weighted index that defines the dividend-paying portion of the U.S. stock market. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$76.24

Average Daily Volume

23,193

Number of Holdings ^*

805

* may have additional holdings in another (foreign) market

Performance

Period	VBR	DTD
30 Days	2.57%	1.92%
60 Days	2.52%	4.76%
90 Days	10.32%	8.21%
12 Months	27.97%	29.20%

361 Overlapping Holdings

Symbol	Grade	Weight in VBR	Weight in DTD	Overlap
ABM	D	0.11%	0.01%	0.01%
ACI	F	0.2%	0.04%	0.04%
ACM	B	0.4%	0.02%	0.02%
ACT	C	0.03%	0.03%	0.03%
ADC	C	0.22%	0.01%	0.01%
ADTN	C	0.08%	0.02%	0.02%
AEO	D	0.11%	0.02%	0.02%
AFG	C	0.28%	0.03%	0.03%
AGCO	D	0.17%	0.02%	0.02%
AIT	B	0.23%	0.03%	0.03%
AIZ	B	0.3%	0.03%	0.03%
AL	C	0.14%	0.02%	0.02%
ALE	A	0.11%	0.03%	0.03%
ALLY	F	0.35%	0.05%	0.05%
ALSN	B	0.24%	0.03%	0.03%
AM	B	0.15%	0.06%	0.06%
AMKR	F	0.11%	0.01%	0.01%
APA	F	0.31%	0.03%	0.03%
APOG	B	0.04%	0.02%	0.02%
ARMK	B	0.28%	0.02%	0.02%
AROC	D	0.09%	0.03%	0.03%
ASB	D	0.1%	0.03%	0.03%
ASH	F	0.13%	0.01%	0.01%
ATO	B	0.54%	0.1%	0.1%
ATR	B	0.3%	0.02%	0.02%
AUB	D	0.1%	0.03%	0.03%
AVA	B	0.09%	0.04%	0.04%
AVNT	B	0.13%	0.02%	0.02%
AVT	B	0.15%	0.03%	0.03%
AWR	C	0.09%	0.03%	0.03%
AZZ	C	0.07%	0.01%	0.01%
BAH	B	0.6%	0.04%	0.04%
BANF	C	0.06%	0.03%	0.03%
BANR	C	0.06%	0.03%	0.03%
BBWI	D	0.2%	0.02%	0.02%
BC	C	0.16%	0.02%	0.02%
BCO	B	0.14%	0.02%	0.02%
BERY	B	0.22%	0.02%	0.02%
BGS	D	0.02%	0.01%	0.01%
BHE	C	0.04%	0.01%	0.01%
BKE	B	0.04%	0.02%	0.02%
BKH	B	0.12%	0.04%	0.04%
BKU	D	0.08%	0.01%	0.01%
BLMN	F	0.04%	0.01%	0.01%
BNL	B	0.1%	0.02%	0.02%
BOH	D	0.08%	0.01%	0.01%
BOKF	C	0.07%	0.03%	0.03%
BPOP	C	0.22%	0.04%	0.04%
BRC	B	0.09%	0.02%	0.02%
BRKL	C	0.03%	0.02%	0.02%
BRO	C	0.35%	0.04%	0.04%
BRX	C	0.24%	0.04%	0.04%
BTU	C	0.08%	0.01%	0.01%
BWA	C	0.23%	0.02%	0.02%
CABO	F	0.02%	0.01%	0.01%
CACC	F	0.08%	0.01%	0.01%
CADE	C	0.17%	0.02%	0.02%
CAKE	B	0.05%	0.02%	0.02%
CATY	C	0.09%	0.02%	0.02%
CBSH	D	0.22%	0.02%	0.02%
CBT	B	0.17%	0.03%	0.03%
CBU	D	0.09%	0.02%	0.02%
CC	D	0.09%	0.01%	0.01%
CCK	B	0.32%	0.02%	0.02%
CFFN	D	0.02%	0.01%	0.01%
CFR	C	0.19%	0.03%	0.03%
CG	C	0.28%	0.07%	0.07%
CHCO	D	0.05%	0.01%	0.01%
CHK	C	0.27%	0.04%	0.04%
CHRD	F	0.26%	0.05%	0.05%
CHRW	B	0.34%	0.04%	0.04%
CMA	C	0.22%	0.05%	0.05%
CMC	D	0.18%	0.02%	0.02%
CNO	C	0.11%	0.02%	0.02%
CNXC	F	0.12%	0.01%	0.01%
COLB	B	0.15%	0.03%	0.03%
CPT	C	0.39%	0.03%	0.03%
CRC	C	0.11%	0.02%	0.02%
CRGY	D	0.05%	0.01%	0.01%
CRI	D	0.07%	0.02%	0.02%
CSL	B	0.59%	0.04%	0.04%
CVBF	D	0.07%	0.02%	0.02%
CVI	F	0.03%	0.02%	0.02%
CWEN	A	0.07%	0.01%	0.01%
CWEN	A	0.03%	0.01%	0.01%
CWEN	A	0.07%	0.02%	0.02%
CWEN	A	0.03%	0.02%	0.02%
CWH	C	0.01%	0.0%	0.0%
DAN	D	0.04%	0.01%	0.01%
DCI	C	0.26%	0.03%	0.03%
DIN	D	0.01%	0.01%	0.01%
DINO	F	0.24%	0.04%	0.04%
DK	F	0.04%	0.01%	0.01%
DKS	D	0.28%	0.05%	0.05%
DLX	F	0.03%	0.01%	0.01%
DNB	D	0.12%	0.01%	0.01%
DTM	C	0.22%	0.04%	0.04%
EBC	C	0.1%	0.01%	0.01%
EDR	A	0.05%	0.01%	0.01%
EGBN	D	0.01%	0.01%	0.01%
EGP	C	0.26%	0.01%	0.01%
EHC	B	0.28%	0.03%	0.03%
EME	B	0.54%	0.01%	0.01%
EMN	B	0.35%	0.06%	0.06%
ENR	D	0.07%	0.01%	0.01%
ENS	C	0.12%	0.01%	0.01%
EPC	F	0.06%	0.01%	0.01%
EPR	C	0.11%	0.02%	0.02%
EQH	C	0.41%	0.05%	0.05%
ESI	C	0.17%	0.02%	0.02%
EVR	B	0.25%	0.04%	0.04%
EVRG	B	0.19%	0.08%	0.08%
EWBC	C	0.34%	0.05%	0.05%
FAF	B	0.18%	0.03%	0.03%
FBP	C	0.1%	0.03%	0.03%
FCF	D	0.05%	0.02%	0.02%
FCNCA	D	0.65%	0.03%	0.03%
FFBC	D	0.07%	0.02%	0.02%
FFIN	C	0.13%	0.01%	0.01%
FG	C	0.03%	0.01%	0.01%
FHB	D	0.09%	0.04%	0.04%
FIBK	C	0.08%	0.03%	0.03%
FLO	C	0.13%	0.03%	0.03%
FLS	C	0.19%	0.03%	0.03%
FNB	D	0.16%	0.04%	0.04%
FR	C	0.22%	0.02%	0.02%
FRME	D	0.07%	0.01%	0.01%
FRT	C	0.28%	0.04%	0.04%
FULT	D	0.1%	0.02%	0.02%
GAP	F	0.16%	0.03%	0.03%
GATX	D	0.15%	0.01%	0.01%
GBCI	C	0.16%	0.02%	0.02%
GBX	D	0.04%	0.01%	0.01%
GEF	C	0.0%	0.02%	0.0%
GEF	C	0.04%	0.02%	0.02%
GES	F	0.02%	0.01%	0.01%
GL	D	0.28%	0.01%	0.01%
GLPI	C	0.39%	0.07%	0.07%
GOLF	F	0.06%	0.01%	0.01%
GPK	C	0.27%	0.03%	0.03%
GTY	C	0.05%	0.02%	0.02%
HEES	D	0.04%	0.01%	0.01%
HI	F	0.07%	0.01%	0.01%
HII	F	0.33%	0.03%	0.03%
HMN	C	0.04%	0.01%	0.01%
HNI	C	0.07%	0.02%	0.02%
HOG	C	0.13%	0.01%	0.01%
HOMB	D	0.15%	0.03%	0.03%
HP	F	0.04%	0.01%	0.01%
HRB	C	0.26%	0.05%	0.05%
HTH	D	0.04%	0.02%	0.02%
HTLF	C	0.03%	0.01%	0.01%
HUBB	B	0.32%	0.05%	0.05%
HUN	C	0.11%	0.02%	0.02%
HWC	D	0.14%	0.02%	0.02%
IBOC	D	0.1%	0.02%	0.02%
IBTX	C	0.06%	0.02%	0.02%
IDA	B	0.15%	0.02%	0.02%
IDCC	B	0.05%	0.02%	0.02%
IEX	C	0.46%	0.02%	0.02%
INGR	B	0.26%	0.05%	0.05%
IOSP	F	0.08%	0.02%	0.02%
IPG	C	0.36%	0.06%	0.06%
ITT	B	0.34%	0.04%	0.04%
JBL	C	0.37%	0.01%	0.01%
JEF	C	0.26%	0.06%	0.06%
JNPR	A	0.37%	0.05%	0.05%
JWN	C	0.06%	0.03%	0.03%
JXN	B	0.2%	0.05%	0.05%
KALU	D	0.03%	0.01%	0.01%
KBH	C	0.16%	0.03%	0.03%
KBR	D	0.27%	0.01%	0.01%
KFY	C	0.11%	0.02%	0.02%
KIM	C	0.46%	0.05%	0.05%
KMPR	D	0.11%	0.01%	0.01%
KMT	B	0.06%	0.02%	0.02%
KRC	C	0.13%	0.01%	0.01%
KRO	C	0.01%	0.01%	0.01%
KSS	D	0.06%	0.01%	0.01%
KTB	B	0.12%	0.02%	0.02%
LAD	B	0.24%	0.02%	0.02%
LAMR	B	0.16%	0.06%	0.06%
LDOS	A	0.31%	0.04%	0.04%
LEA	D	0.19%	0.02%	0.02%
LEG	D	0.05%	0.01%	0.01%
LEVI	C	0.03%	0.01%	0.01%
LKQ	F	0.16%	0.03%	0.03%
LNC	C	0.16%	0.04%	0.04%
LPX	B	0.18%	0.02%	0.02%
LXP	C	0.09%	0.01%	0.01%
LZB	C	0.05%	0.01%	0.01%
M	F	0.13%	0.02%	0.02%
MAC	B	0.1%	0.0%	0.0%
MAN	C	0.1%	0.01%	0.01%
MATX	B	0.13%	0.02%	0.02%
MC	C	0.07%	0.03%	0.03%
MCY	C	0.05%	0.02%	0.02%
MDU	B	0.15%	0.02%	0.02%
MGEE	C	0.09%	0.01%	0.01%
MKSI	F	0.24%	0.01%	0.01%
MLI	B	0.23%	0.03%	0.03%
MLKN	F	0.06%	0.01%	0.01%
MOS	F	0.27%	0.02%	0.02%
MSA	D	0.2%	0.01%	0.01%
MSM	D	0.11%	0.03%	0.03%
MTG	B	0.2%	0.04%	0.04%
MUR	F	0.16%	0.02%	0.02%
MUSA	D	0.28%	0.01%	0.01%
NAVI	D	0.04%	0.01%	0.01%
NBHC	D	0.05%	0.02%	0.02%
NFG	B	0.16%	0.03%	0.03%
NI	B	0.22%	0.06%	0.06%
NJR	C	0.13%	0.02%	0.02%
NNN	B	0.25%	0.05%	0.05%
NRG	B	0.52%	0.07%	0.07%
NSP	F	0.1%	0.02%	0.02%
NUS	F	0.01%	0.0%	0.0%
NWE	A	0.1%	0.04%	0.04%
NXST	D	0.16%	0.03%	0.03%
NYT	B	0.25%	0.02%	0.02%
OC	C	0.43%	0.04%	0.04%
OFG	C	0.06%	0.03%	0.03%
OGE	B	0.23%	0.06%	0.06%
OGN	D	0.17%	0.04%	0.04%
OGS	B	0.11%	0.03%	0.03%
OLN	D	0.15%	0.01%	0.01%
OMF	D	0.17%	0.05%	0.05%
ONB	D	0.19%	0.02%	0.02%
ORI	B	0.26%	0.07%	0.07%
OSK	F	0.21%	0.02%	0.02%
OTTR	F	0.1%	0.02%	0.02%
OVV	F	0.34%	0.04%	0.04%
OXM	F	0.04%	0.01%	0.01%
OZK	F	0.14%	0.03%	0.03%
PAG	D	0.1%	0.04%	0.04%
PB	D	0.2%	0.03%	0.03%
PBF	F	0.1%	0.01%	0.01%
PBI	C	0.04%	0.01%	0.01%
PCH	C	0.1%	0.01%	0.01%
PDCO	F	0.05%	0.01%	0.01%
PFS	C	0.07%	0.03%	0.03%
PFSI	C	0.08%	0.02%	0.02%
PHIN	C	0.06%	0.01%	0.01%
PII	D	0.13%	0.03%	0.03%
PINC	D	0.06%	0.02%	0.02%
PNFP	C	0.11%	0.01%	0.01%
PNM	B	0.11%	0.03%	0.03%
PNW	C	0.29%	0.08%	0.08%
POR	B	0.15%	0.03%	0.03%
PR	F	0.12%	0.01%	0.01%
PRGS	A	0.07%	0.02%	0.02%
PRI	B	0.27%	0.03%	0.03%
PRK	D	0.08%	0.01%	0.01%
PTEN	F	0.11%	0.02%	0.02%
PTVE	D	0.01%	0.01%	0.01%
PZZA	D	0.02%	0.01%	0.01%
R	C	0.18%	0.03%	0.03%
RDN	D	0.16%	0.04%	0.04%
REG	C	0.39%	0.02%	0.02%
REYN	C	0.05%	0.03%	0.03%
RGA	C	0.43%	0.06%	0.06%
RHI	D	0.18%	0.02%	0.02%
RL	B	0.18%	0.03%	0.03%
RLI	B	0.2%	0.01%	0.01%
RNST	D	0.06%	0.02%	0.02%
RPM	B	0.44%	0.04%	0.04%
RRC	D	0.2%	0.01%	0.01%
RRR	D	0.04%	0.01%	0.01%
RRX	C	0.33%	0.02%	0.02%
RS	D	0.48%	0.05%	0.05%
RUSHA	C	0.1%	0.02%	0.02%
SAFT	D	0.04%	0.01%	0.01%
SAIC	C	0.2%	0.02%	0.02%
SBRA	C	0.12%	0.02%	0.02%
SCI	C	0.32%	0.03%	0.03%
SCL	D	0.05%	0.01%	0.01%
SCS	D	0.04%	0.01%	0.01%
SEB	D	0.02%	0.01%	0.01%
SEE	C	0.15%	0.02%	0.02%
SEIC	B	0.23%	0.02%	0.02%
SEM	D	0.11%	0.02%	0.02%
SF	B	0.25%	0.03%	0.03%
SFBS	C	0.06%	0.01%	0.01%
SFNC	C	0.07%	0.03%	0.03%
SHOO	B	0.05%	0.02%	0.02%
SIGI	D	0.16%	0.01%	0.01%
SJM	C	0.17%	0.05%	0.05%
SKT	B	0.1%	0.01%	0.01%
SLG	C	0.13%	0.01%	0.01%
SLGN	B	0.12%	0.01%	0.01%
SLM	C	0.14%	0.02%	0.02%
SM	F	0.08%	0.01%	0.01%
SMG	B	0.09%	0.03%	0.03%
SNDR	B	0.03%	0.01%	0.01%
SNV	D	0.19%	0.04%	0.04%
SNX	C	0.23%	0.02%	0.02%
SON	D	0.16%	0.03%	0.03%
SPB	B	0.08%	0.02%	0.02%
SR	B	0.1%	0.03%	0.03%
SSB	C	0.22%	0.02%	0.02%
STAG	D	0.22%	0.02%	0.02%
STBA	D	0.05%	0.02%	0.02%
STEP	B	0.05%	0.01%	0.01%
STLD	C	0.26%	0.04%	0.04%
STRA	F	0.06%	0.01%	0.01%
SW	B	0.72%	0.04%	0.04%
SWX	C	0.15%	0.02%	0.02%
SXT	B	0.1%	0.01%	0.01%
TAP	D	0.28%	0.04%	0.04%
TDS	B	0.06%	0.01%	0.01%
TEX	F	0.11%	0.01%	0.01%
THG	C	0.14%	0.01%	0.01%
THO	C	0.16%	0.02%	0.02%
TKR	C	0.16%	0.03%	0.03%
TMP	D	0.02%	0.02%	0.02%
TNL	C	0.09%	0.02%	0.02%
TOL	A	0.44%	0.01%	0.01%
TPG	C	0.12%	0.02%	0.02%
TPR	A	0.28%	0.05%	0.05%
TRMK	D	0.05%	0.02%	0.02%
TRN	C	0.08%	0.02%	0.02%
TTEK	C	0.37%	0.02%	0.02%
UBSI	D	0.15%	0.02%	0.02%
UCBI	B	0.11%	0.01%	0.01%
UFPI	C	0.21%	0.02%	0.02%
UGI	B	0.16%	0.04%	0.04%
UHS	C	0.4%	0.02%	0.02%
UMBF	C	0.12%	0.01%	0.01%
UNM	B	0.26%	0.05%	0.05%
UVV	D	0.04%	0.01%	0.01%
VAC	D	0.07%	0.01%	0.01%
VCTR	B	0.04%	0.03%	0.03%
VGR	C	0.06%	0.03%	0.03%
VIRT	C	0.08%	0.02%	0.02%
VLY	D	0.11%	0.03%	0.03%
VMI	C	0.17%	0.01%	0.01%
VOYA	B	0.21%	0.02%	0.02%
VRTS	F	0.04%	0.02%	0.02%
VSH	F	0.07%	0.01%	0.01%
WAFD	D	0.09%	0.02%	0.02%
WAL	B	0.25%	0.03%	0.03%
WBS	C	0.24%	0.04%	0.04%
WCC	C	0.25%	0.01%	0.01%
WD	B	0.1%	0.02%	0.02%
WEN	C	0.09%	0.03%	0.03%
WERN	C	0.07%	0.01%	0.01%
WLK	C	0.08%	0.03%	0.03%
WMK	D	0.03%	0.01%	0.01%
WOR	F	0.04%	0.01%	0.01%
WSBC	D	0.05%	0.03%	0.03%
WSFS	D	0.1%	0.02%	0.02%
WSM	C	0.4%	0.06%	0.06%
WTFC	C	0.21%	0.01%	0.01%
WTRG	D	0.28%	0.03%	0.03%
WU	C	0.12%	0.03%	0.03%
WWW	A	0.03%	0.01%	0.01%
X	F	0.23%	0.01%	0.01%
XRAY	D	0.15%	0.02%	0.02%
XRX	D	0.04%	0.01%	0.01%
ZION	D	0.21%	0.03%	0.03%
ZWS	B	0.13%	0.01%	0.01%

VBR Overweight 436 Positions Relative to DTD

Symbol	Grade	Weight
BLDR	C	0.62%
THC	C	0.48%
UTHR	B	0.47%
USFD	C	0.43%
PNR	B	0.43%
BG	F	0.42%
RNR	B	0.4%
KMX	D	0.39%
JLL	B	0.36%
ALLE	B	0.36%
FFIV	B	0.35%
TFX	B	0.34%
PFGC	B	0.34%
RIVN	F	0.33%
NVT	C	0.33%
CACI	B	0.32%
SFM	B	0.31%
BJ	D	0.31%
BXP	C	0.31%
OHI	C	0.29%
HSIC	C	0.27%
FHN	D	0.27%
Z	C	0.26%
APG	F	0.26%
SOLV	D	0.26%
HAS	B	0.26%
MHK	B	0.25%
FLR	D	0.25%
KNX	C	0.24%
AXTA	B	0.24%
FMC	B	0.24%
FCN	C	0.24%
CR	B	0.23%
CRUS	D	0.23%
DOC	B	0.23%
AYI	B	0.23%
GME	D	0.22%
AGNC	B	0.22%
ANF	D	0.22%
ELAN	D	0.22%
KEX	C	0.21%
SWN	C	0.21%
G	C	0.21%
NSIT	C	0.21%
FYBR	C	0.21%
ARW	B	0.21%
ACHC	D	0.21%
DVA	B	0.21%
IVZ	B	0.21%
BIO	C	0.2%
TMHC	B	0.2%
MTH	C	0.2%
AAL	D	0.2%
JAZZ	D	0.2%
XPO	D	0.19%
VFC	B	0.19%
ESNT	B	0.19%
MAT	D	0.19%
UHAL	B	0.19%
ESAB	C	0.18%
AXS	B	0.18%
AES	C	0.18%
CLF	F	0.18%
STWD	B	0.18%
MOG.A	B	0.17%
AN	C	0.17%
BECN	F	0.17%
AA	C	0.17%
COOP	C	0.17%
ST	D	0.17%
VNO	B	0.17%
COHR	C	0.17%
LUMN	C	0.16%
BCC	C	0.16%
WTS	C	0.16%
VNT	F	0.16%
VVV	D	0.16%
KD	F	0.16%
WHR	C	0.16%
SRCL	B	0.16%
EPAM	F	0.16%
AMG	C	0.16%
QRVO	F	0.16%
PARA	D	0.16%
PVH	D	0.16%
SUM	D	0.15%
ABG	D	0.15%
CTLT	B	0.15%
FUL	D	0.14%
JHG	B	0.14%
GPI	B	0.14%
CUZ	C	0.13%
ITGR	C	0.13%
BDC	B	0.13%
ACA	B	0.13%
KNF	C	0.13%
MDGL	F	0.13%
WTM	F	0.13%
PSN	B	0.13%
RYN	C	0.13%
ALK	B	0.13%
PIPR	B	0.13%
LYFT	D	0.12%
PRGO	F	0.12%
ESGR	D	0.12%
AR	C	0.12%
TPH	C	0.12%
CNX	B	0.12%
ABCB	C	0.12%
ASO	D	0.12%
AGO	D	0.12%
GTES	C	0.12%
CPRI	D	0.12%
ASGN	D	0.12%
AUR	C	0.12%
MTZ	C	0.11%
BGC	D	0.11%
SANM	D	0.11%
HASI	C	0.11%
DXC	D	0.11%
PBH	C	0.11%
MIDD	C	0.11%
IAC	C	0.11%
ICUI	C	0.11%
NCLH	B	0.11%
COTY	D	0.1%
NUVL	D	0.1%
GVA	B	0.1%
RXO	D	0.1%
NHI	C	0.1%
AX	D	0.1%
NPO	C	0.1%
ATKR	F	0.1%
HIW	C	0.1%
GMS	C	0.1%
PLXS	B	0.1%
HL	C	0.1%
SIG	C	0.1%
IOVA	F	0.09%
FL	F	0.09%
AIN	F	0.09%
GFF	C	0.09%
SKYW	C	0.09%
CNK	C	0.09%
GNW	C	0.09%
PK	D	0.09%
ALIT	D	0.09%
ESE	B	0.09%
TCBI	C	0.09%
NVST	D	0.09%
APLE	C	0.09%
EAT	C	0.09%
AMED	D	0.09%
HCC	D	0.09%
SYNA	D	0.09%
INDB	D	0.08%
ENOV	F	0.08%
RNG	F	0.08%
LSXMK	D	0.08%
MGRC	D	0.08%
DEI	B	0.08%
MPW	C	0.08%
AAP	F	0.08%
ATGE	C	0.08%
TDC	D	0.08%
FHI	B	0.08%
APAM	C	0.08%
HUBG	C	0.08%
REZI	D	0.08%
NWL	C	0.08%
POST	B	0.08%
CWK	B	0.08%
PENN	D	0.08%
BHF	F	0.08%
UNF	B	0.08%
PRIM	B	0.08%
AIR	D	0.07%
ZD	D	0.07%
PECO	C	0.07%
LAUR	C	0.07%
TOWN	D	0.07%
AKR	B	0.07%
TGNA	C	0.07%
ARCH	D	0.07%
ARCB	D	0.07%
URBN	F	0.07%
MTRN	D	0.07%
OUT	B	0.07%
OSIS	C	0.07%
DY	C	0.07%
MYGN	D	0.07%
ABR	B	0.07%
PPBI	D	0.07%
GHC	B	0.07%
MTX	D	0.07%
KRYS	D	0.07%
GT	F	0.07%
UE	C	0.07%
BXMT	C	0.07%
COMP	C	0.07%
AZTA	F	0.07%
KAR	D	0.06%
TTMI	D	0.06%
HURN	C	0.06%
IVT	D	0.06%
ZG	C	0.06%
PRG	C	0.06%
VIAV	C	0.06%
B	C	0.06%
THS	C	0.06%
LITE	B	0.06%
JOBY	F	0.06%
OI	D	0.06%
GNL	D	0.06%
WLY	B	0.06%
AMN	F	0.06%
MIR	C	0.06%
IMVT	F	0.06%
OMCL	C	0.06%
SPR	D	0.06%
FTRE	F	0.06%
NATL	D	0.06%
EQC	D	0.06%
HAYW	C	0.06%
SXI	C	0.06%
HBI	A	0.06%
CTRE	C	0.06%
SHO	C	0.06%
BLKB	C	0.06%
NBTB	D	0.06%
PSMT	B	0.06%
CDE	C	0.06%
EVTC	D	0.06%
SATS	C	0.06%
REVG	D	0.05%
KN	D	0.05%
INFA	D	0.05%
LTC	C	0.05%
JBGS	C	0.05%
JBLU	C	0.05%
ANDE	D	0.05%
TROX	D	0.05%
PPC	D	0.05%
LRN	B	0.05%
GO	F	0.05%
CENTA	F	0.05%
DRH	C	0.05%
NWBI	D	0.05%
NMRK	B	0.05%
VSAT	F	0.05%
NHC	D	0.05%
GEO	F	0.05%
LGND	D	0.05%
SUPN	D	0.05%
VSCO	C	0.05%
VRNT	F	0.05%
VSTS	D	0.05%
ROIC	C	0.05%
IPGP	D	0.05%
BHLB	C	0.04%
AMRX	C	0.04%
PDM	C	0.04%
AIV	C	0.04%
KFRC	F	0.04%
EIG	C	0.04%
INSW	C	0.04%
JELD	D	0.04%
PMT	C	0.04%
AAT	C	0.04%
WS	D	0.04%
MSGE	B	0.04%
HELE	D	0.04%
LC	D	0.04%
BKD	D	0.04%
WABC	D	0.04%
CAR	D	0.04%
PWSC	C	0.04%
SBH	B	0.04%
CODI	C	0.04%
IART	F	0.04%
CSGS	C	0.04%
DNOW	F	0.04%
SPNT	D	0.04%
LADR	D	0.04%
ESRT	C	0.04%
UA	C	0.04%
NGVT	D	0.04%
ALEX	C	0.04%
UAA	C	0.04%
CXW	F	0.04%
NTCT	C	0.04%
HOPE	D	0.04%
ARI	F	0.04%
NWN	B	0.04%
UNFI	B	0.03%
DNUT	F	0.03%
BDN	C	0.03%
CGON	C	0.03%
PRAA	F	0.03%
CBRL	D	0.03%
NNI	C	0.03%
LGF.A	F	0.03%
BV	C	0.03%
MD	C	0.03%
NX	F	0.03%
MMI	C	0.03%
RBRK	F	0.03%
EMBC	D	0.03%
CMTG	F	0.03%
SIRI	C	0.03%
ETWO	D	0.03%
FA	B	0.03%
MATV	D	0.03%
UNIT	C	0.03%
RWT	C	0.03%
RKLB	C	0.03%
GIII	D	0.03%
INVA	C	0.03%
DDS	D	0.03%
TRS	C	0.03%
ODP	F	0.03%
VSTO	C	0.03%
ATSG	C	0.03%
THR	F	0.03%
MRC	D	0.03%
CNNE	F	0.03%
DBRG	D	0.03%
AVNS	C	0.03%
CSR	D	0.03%
CARS	F	0.03%
FDP	C	0.03%
ECPG	D	0.03%
OMI	D	0.03%
SCSC	D	0.03%
HE	F	0.03%
TILE	C	0.02%
HTLD	F	0.02%
FOR	D	0.02%
MXL	D	0.02%
KREF	C	0.02%
SMR	C	0.02%
CNDT	C	0.02%
SCHL	D	0.02%
HY	F	0.02%
BMBL	F	0.02%
UHAL	B	0.02%
SWI	B	0.02%
KELYA	D	0.02%
SMMT	D	0.02%
PRA	C	0.02%
CAL	F	0.02%
AMC	F	0.02%
AMWD	C	0.02%
AXL	F	0.02%
HAIN	C	0.02%
USM	C	0.02%
PUMP	F	0.02%
XHR	B	0.02%
HPP	F	0.02%
RGR	F	0.02%
HLIO	C	0.02%
MATW	F	0.02%
BASE	F	0.02%
ECVT	F	0.02%
ASTE	F	0.02%
MNRO	C	0.02%
PRLB	F	0.02%
HLF	F	0.02%
SVC	F	0.02%
BRSP	D	0.02%
KOP	F	0.02%
PEB	D	0.02%
HCSG	D	0.02%
SAH	D	0.02%
EYE	F	0.02%
WNC	F	0.02%
MEI	D	0.01%
UFCS	D	0.01%
PACB	D	0.01%
RDUS	D	0.01%
OPK	D	0.01%
NPK	D	0.01%
OLPX	D	0.01%
WOOF	C	0.01%
BRCC	F	0.01%
ALX	B	0.01%
ZIP	D	0.01%
DJT	F	0.01%
CRCT	C	0.01%
TGI	F	0.01%
SRCL	B	0.01%
TRTX	D	0.01%
EE	A	0.01%
AMCX	F	0.01%
RUSHB	C	0.01%
SWBI	F	0.01%
HTZ	F	0.01%
NAPA	F	0.01%
CENT	F	0.01%
BJRI	D	0.01%
WRLD	D	0.01%
PCRX	F	0.01%
INN	B	0.01%
CMP	D	0.01%
FWRD	D	0.01%
RMR	C	0.01%
VMEO	C	0.01%
AMK	B	0.01%
ATUS	C	0.01%
GRC	D	0.01%
NABL	F	0.01%
UDMY	F	0.01%
DAWN	D	0.01%
TWKS	C	0.01%
CCO	D	0.01%
GCMG	B	0.01%
CLB	D	0.01%
USNA	F	0.01%
CLBK	D	0.01%
JACK	F	0.01%
NVRI	D	0.01%
LGF.A	F	0.01%
BFS	B	0.01%
AMBC	F	0.01%
VREX	F	0.01%
SSP	F	0.0%
SCWX	C	0.0%
AC	C	0.0%
TTEC	F	0.0%
CRNC	F	0.0%
SAVE	F	0.0%
CHGG	F	0.0%
ACDC	F	0.0%
UHT	C	0.0%
DBI	F	0.0%
LDI	D	0.0%

VBR Underweight 447 Positions Relative to DTD

Symbol	Grade	Weight
AAPL	C	-3.2%
MSFT	C	-2.98%
JPM	D	-2.8%
XOM	D	-2.45%
AVGO	C	-2.39%
ABBV	B	-2.33%
JNJ	C	-2.05%
NVDA	C	-1.99%
HD	B	-1.76%
PG	C	-1.72%
KO	B	-1.63%
WMT	B	-1.52%
CVX	F	-1.43%
IBM	B	-1.27%
UNH	C	-1.23%
PEP	D	-1.23%
CSCO	B	-1.17%
PM	C	-1.15%
BAC	D	-1.12%
MRK	F	-0.98%
META	B	-0.92%
MCD	B	-0.85%
CMCSA	C	-0.84%
MS	B	-0.81%
GOOGL	D	-0.81%
LLY	D	-0.73%
WFC	D	-0.72%
TXN	B	-0.68%
ORCL	B	-0.68%
TMUS	B	-0.66%
MO	C	-0.66%
V	C	-0.64%
AMGN	D	-0.64%
C	C	-0.6%
GS	B	-0.6%
LOW	B	-0.57%
RTX	B	-0.55%
GOOG	D	-0.53%
BMY	C	-0.5%
HON	C	-0.48%
QCOM	D	-0.47%
LMT	A	-0.47%
CAT	B	-0.45%
SO	B	-0.44%
COST	C	-0.44%
MA	B	-0.44%
GILD	B	-0.44%
UPS	D	-0.44%
ABT	C	-0.43%
MDLZ	C	-0.43%
DUK	B	-0.42%
USB	C	-0.4%
EOG	D	-0.4%
BLK	B	-0.4%
UNP	D	-0.39%
PLD	C	-0.38%
SPG	B	-0.38%
PNC	C	-0.37%
TJX	C	-0.36%
BX	C	-0.36%
CL	C	-0.35%
D	C	-0.34%
OKE	C	-0.34%
COP	F	-0.33%
AMT	C	-0.33%
SBUX	C	-0.32%
ADP	C	-0.32%
AXP	B	-0.31%
WMB	C	-0.3%
ITW	B	-0.3%
KMB	C	-0.29%
VICI	C	-0.28%
CCI	C	-0.28%
O	B	-0.28%
CVS	D	-0.28%
PSA	C	-0.28%
AEP	C	-0.27%
PEG	B	-0.26%
TGT	C	-0.26%
PCAR	D	-0.26%
MMC	C	-0.26%
AFL	A	-0.26%
PRU	C	-0.25%
BKNG	B	-0.25%
PAYX	C	-0.24%
CI	C	-0.24%
DOW	C	-0.24%
SYK	C	-0.24%
MPC	F	-0.24%
ADI	C	-0.24%
WM	D	-0.23%
ICE	C	-0.23%
MET	B	-0.23%
KHC	C	-0.23%
BK	B	-0.22%
ED	B	-0.21%
XEL	B	-0.21%
PSX	F	-0.21%
TMO	B	-0.2%
SCHW	D	-0.2%
ETR	A	-0.2%
DE	A	-0.2%
KVUE	B	-0.2%
GD	C	-0.2%
FIS	C	-0.2%
CRM	C	-0.2%
GIS	B	-0.19%
SRE	B	-0.19%
SYY	C	-0.18%
ELV	D	-0.18%
CME	B	-0.18%
APD	B	-0.18%
PH	B	-0.18%
WELL	C	-0.18%
EXR	C	-0.17%
FDX	D	-0.17%
GE	C	-0.17%
DHR	B	-0.17%
VLO	F	-0.17%
SPGI	C	-0.17%
APO	B	-0.16%
KR	B	-0.16%
NKE	D	-0.16%
AMAT	D	-0.16%
EIX	B	-0.16%
EXC	B	-0.16%
DIS	D	-0.16%
DLR	B	-0.16%
GLW	B	-0.16%
KDP	B	-0.16%
EQIX	B	-0.16%
EMR	D	-0.16%
INTU	D	-0.16%
AVB	C	-0.16%
FAST	C	-0.16%
CMI	B	-0.15%
FITB	B	-0.15%
NSC	C	-0.15%
ALL	C	-0.15%
HIG	B	-0.14%
K	A	-0.14%
MTB	C	-0.14%
RF	B	-0.14%
COF	B	-0.14%
APH	C	-0.14%
NOC	B	-0.14%
MSI	B	-0.14%
CTAS	C	-0.14%
TRV	C	-0.14%
HPQ	C	-0.14%
ES	B	-0.13%
HCA	B	-0.13%
STT	B	-0.13%
SHW	B	-0.13%
PGR	C	-0.13%
MAR	B	-0.13%
ECL	B	-0.13%
LRCX	D	-0.13%
AIG	D	-0.13%
ZTS	B	-0.13%
IRM	C	-0.12%
HBAN	B	-0.12%
STZ	C	-0.12%
BBY	A	-0.12%
KKR	B	-0.12%
DRI	C	-0.12%
VST	B	-0.12%
BDX	D	-0.12%
FE	B	-0.12%
KLAC	D	-0.12%
TROW	C	-0.12%
AMP	B	-0.12%
CARR	B	-0.11%
BKR	C	-0.11%
WEC	B	-0.11%
YUM	B	-0.11%
LHX	C	-0.11%
EQR	C	-0.11%
DFS	C	-0.11%
MCO	C	-0.11%
AEE	B	-0.11%
PPL	A	-0.1%
EBAY	B	-0.1%
DTE	A	-0.1%
RSG	D	-0.1%
ARES	B	-0.1%
PKG	B	-0.1%
OTIS	B	-0.1%
CSX	C	-0.1%
OMC	B	-0.09%
NTAP	D	-0.09%
TRGP	C	-0.09%
DD	B	-0.09%
PPG	C	-0.09%
MCHP	D	-0.09%
GWW	B	-0.09%
PFG	B	-0.09%
CRBG	C	-0.09%
GM	C	-0.09%
IP	C	-0.09%
FANG	F	-0.09%
ADM	D	-0.09%
MU	D	-0.08%
LEN	B	-0.08%
CLX	C	-0.08%
CEG	C	-0.08%
CTSH	B	-0.08%
FNF	B	-0.08%
TSCO	B	-0.08%
TSN	D	-0.08%
DHI	C	-0.08%
CAG	B	-0.08%
VTR	C	-0.08%
NTRS	C	-0.08%
HSY	D	-0.08%
ARE	C	-0.08%
VTRS	D	-0.08%
MAA	C	-0.07%
GPC	D	-0.07%
NDAQ	C	-0.07%
AWK	C	-0.07%
BR	C	-0.07%
SNA	B	-0.07%
SWK	B	-0.07%
WPC	C	-0.07%
WRB	D	-0.07%
AJG	D	-0.07%
ROST	C	-0.07%
HPE	C	-0.07%
CMS	B	-0.07%
LVS	C	-0.07%
CINF	C	-0.07%
HRL	F	-0.07%
SYF	C	-0.07%
LNG	D	-0.07%
OXY	F	-0.07%
URI	B	-0.07%
NUE	D	-0.06%
CNA	D	-0.06%
MAS	B	-0.06%
PHM	B	-0.06%
DELL	C	-0.06%
ESS	C	-0.06%
BEN	F	-0.06%
EQT	C	-0.06%
CPB	C	-0.06%
HES	F	-0.06%
CAH	C	-0.06%
ROK	D	-0.06%
LNT	A	-0.06%
MCK	F	-0.06%
MKC	C	-0.06%
CUBE	C	-0.06%
FOX	B	-0.05%
XYL	C	-0.05%
OWL	B	-0.05%
RMD	C	-0.05%
IR	B	-0.05%
SWKS	F	-0.05%
RJF	C	-0.05%
ERIE	B	-0.05%
LII	C	-0.05%
WY	C	-0.05%
UDR	C	-0.05%
INVH	D	-0.05%
MSCI	C	-0.05%
HAL	F	-0.05%
HLT	B	-0.05%
CBOE	C	-0.05%
CNP	C	-0.05%
TXRH	B	-0.05%
ROP	C	-0.05%
WSO	C	-0.05%
DOV	B	-0.05%
LUV	C	-0.05%
HUM	F	-0.04%
EA	D	-0.04%
PATK	C	-0.04%
EFX	C	-0.04%
MRO	D	-0.04%
UI	B	-0.04%
HWM	B	-0.04%
GEHC	B	-0.04%
BALL	C	-0.04%
A	C	-0.04%
SSNC	C	-0.04%
CE	D	-0.04%
EXPD	B	-0.04%
HST	D	-0.04%
SUI	C	-0.04%
DAL	C	-0.04%
CF	B	-0.04%
PWR	B	-0.04%
ODFL	D	-0.04%
MLM	D	-0.04%
MPWR	B	-0.04%
CHD	C	-0.04%
CIVI	F	-0.04%
AME	C	-0.04%
DGX	B	-0.04%
ROL	C	-0.04%
VMC	C	-0.04%
CDW	D	-0.04%
HLNE	B	-0.03%
NWSA	D	-0.03%
SBAC	C	-0.03%
CNS	B	-0.03%
VRT	C	-0.03%
POOL	C	-0.03%
WST	D	-0.03%
FTV	C	-0.03%
TPL	C	-0.03%
DPZ	D	-0.03%
AOS	B	-0.03%
CCOI	C	-0.03%
LECO	D	-0.03%
AVY	C	-0.03%
TFSL	D	-0.03%
WAB	B	-0.03%
HEI	C	-0.03%
GPN	D	-0.03%
VRSK	D	-0.03%
MTN	D	-0.03%
HLI	C	-0.03%
PCG	C	-0.03%
SLVM	C	-0.02%
NOV	F	-0.02%
BANC	C	-0.02%
UVSP	C	-0.02%
TPX	B	-0.02%
HRI	C	-0.02%
LW	D	-0.02%
VLTO	B	-0.02%
WHD	D	-0.02%
BYD	C	-0.02%
SSD	C	-0.02%
HAFC	D	-0.02%
WMS	D	-0.02%
MRTN	D	-0.02%
MWA	B	-0.02%
IPAR	D	-0.02%
GNTX	D	-0.02%
WWD	C	-0.02%
TKO	A	-0.02%
MGY	D	-0.02%
KNTK	C	-0.02%
LPLA	D	-0.02%
NEU	D	-0.02%
PEBO	D	-0.02%
NDSN	C	-0.02%
RHP	C	-0.02%
OCFC	B	-0.02%
EXP	B	-0.02%
STC	C	-0.02%
TXT	D	-0.02%
TER	C	-0.02%
NSA	C	-0.02%
ALB	D	-0.02%
FCPT	C	-0.02%
CASY	D	-0.02%
AMH	D	-0.02%
JBHT	D	-0.02%
LANC	F	-0.02%
LSTR	D	-0.02%
TW	B	-0.02%
RGLD	C	-0.02%
LCII	C	-0.02%
ELS	D	-0.02%
WH	B	-0.02%
AWI	B	-0.02%
TTC	F	-0.02%
JKHY	B	-0.02%
TRST	D	-0.02%
FDS	C	-0.02%
QCRH	D	-0.02%
ZBH	F	-0.02%
CCS	C	-0.02%
NOG	F	-0.02%
BUSE	D	-0.02%
BWXT	A	-0.02%
FBMS	C	-0.02%
SASR	C	-0.02%
J	A	-0.02%
GGG	C	-0.02%
UWMC	D	-0.01%
IIPR	B	-0.01%
WMG	D	-0.01%
IRDM	C	-0.01%
PRDO	D	-0.01%
BMI	B	-0.01%
DLB	D	-0.01%
AESI	D	-0.01%
COKE	C	-0.01%
WINA	C	-0.01%
KNSL	D	-0.01%
IBP	C	-0.01%
AGM	D	-0.01%
POWL	B	-0.01%
HXL	F	-0.01%
MCRI	B	-0.01%
CHH	B	-0.01%
AAON	B	-0.01%
ORA	B	-0.01%
COLD	D	-0.01%
CHE	C	-0.01%
GRNT	F	-0.01%
BRKR	D	-0.01%
COLM	C	-0.01%
AMSF	C	-0.01%
MTDR	F	-0.01%
FIX	B	-0.01%
JJSF	B	-0.01%
SSBK	D	-0.01%
LBRT	F	-0.01%
JBT	C	-0.01%
PAYC	D	-0.01%
MORN	C	-0.01%
MKTX	D	-0.01%
CHDN	D	-0.01%
OLED	D	-0.01%
PFBC	D	-0.01%
SRCE	D	-0.01%
WDFC	C	-0.01%
RGP	F	-0.01%
MSBI	D	-0.01%
L	D	-0.01%
CPK	B	-0.01%
CHX	F	-0.01%
KWR	D	-0.01%
UTZ	C	-0.01%
KLG	D	-0.01%
MMS	B	-0.01%
CRS	C	-0.01%
TECH	C	-0.01%
WGO	D	-0.01%
IBKR	B	-0.01%
EXPO	B	-0.01%
BSY	C	-0.01%
SYBT	C	-0.01%
LFUS	C	-0.01%
UTL	C	-0.01%
POWI	F	-0.0%
KW	C	-0.0%
NWS	D	-0.0%
RELL	C	-0.0%
GTN	D	-0.0%
NFE	F	-0.0%